The pros seem to out weight the cons.

@Brie Schmidt Without the tax assessed value having weight, how do you gauge the value of the property you are buying?

This will sound passive-aggressive and it's not meant to be, but if you think being a newbie landlord is tough, try doing it with a $30K annual weight around your neck! 

My inspector is worth his weight in gold and he’s got a way better eye for this stuff than I do.

Is there a good rule of thumb to see how a bank will value the building in the future or will it still be heavily weighted by comparable buildings.

Thanks again for all the feed back, I am grateful for everyone who weighted in one this.

A bit like Arnold's saying: "Everyone wants to be a bodybuilder, nobody wants to lift the weights."

You can read fitness magazines watch YouTube tutorials on lifting weights and talk with friends about pumping iron but until you actually go to the gym and put those dumbbells in your hand you aren’t getting anything done !

An existing, paying, non-complaining tenant is worth their weight in gold.

I am willing to pull my weight in risk, loans, paperwork, and deal analysis.